What's Happening | July 2020
Wow, July has been a hot month so far, literally and figuratively! If you follow our agents on social media, you know 14 hour work days and iced coffee are a common thing. You may have also seen stories in the local news outlets regarding the busy market conditions and the pace has only been increasing. Some listings have spent only a handful of days on the market and received multiple offers. Lower than average inventory, good mortgage rates and plenty of eager buyers have combined to make this a great time to sell a home! Realtor.com maintains a fun resource called the Market Hotness Index that shows the most active zip codes, and we would not be at all surprised to see the heat rising in Northeastern Vermont when the numbers come in! 
$195,000 - 3 days on the market
$279,000 - 3 days on the market
Terminology School
Days on the Market (DOM)
the # of days a property is active before an offer is received and accepted.
Active Under Contract (AUC)
A listing with a signed contract between a buyer and a seller. These may have contingencies that need to be met before sale is completed.
Pending (PE)
The property is under contract with no contingencies but ownership has not been transferred yet.
$85,000 - 1 day on the market
Low inventory drives high demand in Vermont real estate

Right before coronavirus hit in March, real estate agents were prepping for their busiest time of year: spring. "We were just gearing up for our biggest season," said Robin Hall, a top-selling agent for Coldwell Banker Hickok & Boardman....

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www.burlingtonfreepress.com
After winter lull, Vermont homes are a hot commodity.

Vermont homes for sale, already in short supply before the Covid-19 crisis, are in even higher demand now as a number of factors suppress supply and raise the number of buyers. The number of residential real estate closings dropped one-third in...

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vtdigger.org